Michael Ure - 12 Feb 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
President & CEO, Director
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
12 Feb 2022
Net transactions value
-$865,604
Form type
4
Filing time
15 Feb 2022, 16:57:39 UTC
Previous filing
16 Nov 2021
Next filing
16 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common units representing limited partner interests Options Exercise $0 +52,018 +69% $0.000000 126,926 12 Feb 2022 Direct
transaction WES Common units representing limited partner interests Tax liability $415,104 -15,222 -12% $27.27 111,704 12 Feb 2022 Direct
transaction WES Common units representing limited partner interests Options Exercise $0 +41,982 +38% $0.000000 153,686 12 Feb 2022 Direct
transaction WES Common units representing limited partner interests Tax liability $450,500 -16,520 -11% $27.27 137,166 12 Feb 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WES Phantom Units Options Exercise $0 -52,018 -50% $0.000000 52,018 12 Feb 2022 Common units representing limited partner interests 52,018 Direct F1, F2
transaction WES Phantom Units Options Exercise $0 -41,982 -33% $0.000000 83,963 12 Feb 2022 Common units representing limited partner interests 41,982 Direct F1, F3
holding WES 2020 Performance Unit - ROA 46,817 12 Feb 2022 Common units representing limited partner interests 46,817 $0.000000 Direct F4
holding WES 2020 Performance Unit - TUR 46,817 12 Feb 2022 Common units representing limited partner interests 46,817 $0.000000 Direct F4
holding WES 2021 Performance Unit - ROA 110,201 12 Feb 2022 Common units representing limited partner interests 110,201 $0.000000 Direct F4
holding WES 2021 Performance Unit - TUR 111,201 12 Feb 2022 Common units representing limited partner interests 111,201 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, at the discretion of the Board of Directors of the General Partner, cash equal to the Fair Market Value of a Common Unit.
F2 These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in the form of WES Common Units on a current basis.
F3 These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in cash on a current basis.
F4 Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit based upon the achievement of pre-established performance metrics over a 3-year performance period.